Nova Innovation

company

About

Nova Innovation is an energy company that designs, builds, operates tidal energy devices, and develops sites for arrays of tidal turbines.

  • 11 - 50

Details

Last Funding Type
Grant
Last Funding Money Raised
€2.50M
Industries
Energy,Energy Efficiency,Energy Management,Renewable Energy
Founded date
Jan 1, 2010
Number Of Employee
11 - 50
Operating Status
Active

Nova Innovation is an energy company that designs, builds, operates tidal energy devices, and develops sites for arrays of tidal turbines.The company is passionate about having a cleaner environment and reducing the need for fossil fuels, for current and future generations. And it is committed to engage with and source from local supply chains: we believe that the resources and expertise of coastal communities will make a major contribution to the success of tidal power.

Founded in 2010, Nova has grown rapidly over the last few years: now employing over 30 staff. In 2013, Ian Marchant joined the company as Chairman; Ian is former CEO of Scottish and Southern Energy, one of the UK’s largest utility companies. The strength of the team and our capability is demonstrated by our successful deployment of the world’s first offshore tidal array: in recognition of which Nova won the Judges Award at the Scottish Green Energy Awards 2016. We were also a regional winner in the Shell Springboard 2017 awards for low-carbon innovation.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
1
€2.50M
Nova Innovation has raised a total of €2.50M in funding over 2 rounds. Their latest funding was raised on Dec 16, 2021 from a Grant round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Dec 16, 2021 Grant €2.50M 1 European Innovation Council Detail

Investors

Number of Lead Investors
Number of Investors
1
1
Nova Innovation is funded by 1 investors. European Innovation Council are the most recent investors.
Investor Name Lead Investor Funding Round
European Innovation Council Yes Grant